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JPM Industrial Energy Immersion Field Trip – MRC Global Inc.

MRC Global Inc. · Feb 25, 2015 · 10 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. JPM Industrial Energy Immersion Field Trip – MRC Global Inc. – slide 1
    1 JPM Industrial Energy Immersion Field Trip February 25, 2015 Andrew Lane TM Chairman, President & CEO Jim Braun Executive Vice President & CFO
  2. JPM Industrial Energy Immersion Field Trip – MRC Global Inc. – slide 2
    3 Financial Metrics ( millions, except per share data) Sales Adjusted Gross Profit and % Margin 1,120 1,058 1,009 5,571 5,933 5,231 850 4,832 3,846 663 17.2% 17.6% 19.0% 19.3% 18.9% 2010 2011 2012 2013 2014 2010 2011…
  3. JPM Industrial Energy Immersion Field Trip – MRC Global Inc. – slide 3
    4 Balance Sheet Metrics ( millions) Total Debt Capital Structure 2014 1,527 Cash and Cash Equivalents 25 1,454 1,360 Total Debt (including current portion): 1,257 Term Loan B due 2019, net of discount 780 987 Global ABL…
  4. JPM Industrial Energy Immersion Field Trip – MRC Global Inc. – slide 4
    5 Pre-FEED & FEED Gates (Front End Engineering & Design) MRC engages with EPCs and owners to bring value through engineering and materials management support activities throughout a project life cycle. Detail Start-Up & Pre-FEED…
  5. JPM Industrial Energy Immersion Field Trip – MRC Global Inc. – slide 5
    6 Detail Engineering, Execution, & Construction Gates Detail Start-Up & Pre-FEED FEED Execution Construction Engineering Operations Sourcing Expertise Chevron Leverage bulk buys with project approved Gorgon LNG…
  6. JPM Industrial Energy Immersion Field Trip – MRC Global Inc. – slide 6
    7 Start Up Gate & MRO Operations Detail Start-Up & Pre-FEED FEED Execution Construction Engineering Operations Provide Point of Use trailers for high Phillips 66 use items (e.g. bolts, gaskets, fittings, 200+ mile Pipeline…
  7. JPM Industrial Energy Immersion Field Trip – MRC Global Inc. – slide 7
    8 Investment Thesis Highlights Macro drivers MRC Global attributes Growth in global energy consumption Market leader driving investment Exposed to all sectors of global energy Increased global production Long term global customer…
  8. JPM Industrial Energy Immersion Field Trip – MRC Global Inc. – slide 8
    9 Appendix
  9. JPM Industrial Energy Immersion Field Trip – MRC Global Inc. – slide 9
    10 Adjusted EBITDA Reconciliation Year Ended December 31 ( millions) 2014 2013 2012 2011 2010 Net income 144.1 152.1 118.0 29.0 (51.8) Income tax expense 81.8 84.8 63.7 26.8 (23.4) Interest expense 61.8 60.7 112.5 136.8 139.6…
  10. JPM Industrial Energy Immersion Field Trip – MRC Global Inc. – slide 10
    11 Adjusted Gross Profit Reconciliation Year Ended December 31 ( millions) 2014 2013 2012 2011 2010 Gross profit 1,018.1 954.8 1,013.7 708.2 518.1 Depreciation and amortization 22.5 22.3 18.6 17.0 16.6 Amortization of…

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